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Global Cochlear Implant Market 2016-2020

Global Cochlear Implant Market 2016-2020

About Cochlear Implants

A cochlear implant is a surgically implanted complex electronic device that helps overcome complications in the inner ear or cochlea. This implant consists of two major components: an external component known as the sound processor and an internal component known as the implant. The sound processor receives sound waves and processes them into detailed digital information. The implant converts the digital information into electrical information, which is sent to the auditory nerve from an electrode array placed inside the cochlea. The auditory nerve sends impulses to the brain, where these sound waves are processed and interpreted.

Technavio’s analysts forecast the global cochlear implants market to grow at a CAGR of 14.61% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global cochlear implants market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of various cochlear implants that are sold globally.

The market is divided into the following segments based on geography:

  • APAC
  • EMEA
  • Americas
Technavio's report, Global Cochlear Implants Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Cochlear
  • MED-EL
  • Sonova
  • William Demant
Other prominent vendors
  • Microson
  • Nurotron Biotechnology
Market driver
  • Rise in product customization
  • For a full, detailed list, view our report
Market challenge
  • High cost
  • For a full, detailed list, view our report
Market trend
  • Introduction of rechargeable cochlear implant devices
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Cochlear Implants Market 2016-2020Technavio recognizes the following companies as the key players in the Global Cochlear Implants Market: Cochlear, MED-EL, Sonova and William Demant.Other Prominent Vendors in the market are: Microson and Nurotron Biotechnology.Commenting on the report, an analyst from Technavio’s team said: “Rechargeable cochlear implant devices have been experiencing significant demand recently. For instance, Hansaton Acoustics introduced the AQ Custom Rechargeable ITE in 2010 and the AQ X-Mini Rechargeable Receiver-in-the-Canal device in July 2011. Rechargeable consumer hearing aids have an advantage over conventional hearing aid devices with primary cells — rechargeable devices are small in size, enabling manufacturers to build tiny instruments that also appeal cosmetically.”According to the report, increase in the customization of cochlear implant devices will drive the market. Most leading cochlear implant device manufacturers are customizing and developing their product lines to attract consumers and stay ahead of the competition. Manufacturers are also focusing on innovation and offering products with upgrades, especially in sound processors. These next-generation sound processors consist of technologically advanced chips, thereby increasing the demand for the product in the market.Further, the report states that high cost of cochlear implant devices is likely to hinder market growth.

Companies Mentioned

Cochlear, MED-EL, Sonova, William Demant, Microson, Nurotron Biotechnology.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global cochlear implants market 2015-2020 ($ billions)
    • Market size and forecast by volume
      • Table Global cochlear implants market by volume 2015-2020 (thousands of units)
    • Five forces analysis
      • Table Five forces analysis
  • Cost analysis of cochlear implants
    • Table Cost utility of cochlear implants in different groups
    • Table Reimbursement strategies of Medicare
    • Table Reimbursement strategies of Medicaid
  • Geographical segmentation
    • Table Global cochlear implants market by geography 2015
    • Cochlear implants market in Americas
      • Table Cochlear implants market in Americas 2015-2020 ($ millions)
    • Cochlear implants market in EMEA
      • Table Cochlear implants market in EMEA 2015-2020 ($ millions)
    • Cochlear implants market in APAC
      • Table Global cochlear implants market segmentation by geography
  • Market drivers
    • Increase in regulatory approvals
    • Rise in product customization
    • Relaunch of cochlear implants
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Low adoption of cochlear implants in US
    • High cost
    • Problems in cochlear implant batteries
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Technological developments for next-generation sound processors
    • High growth potential in emerging economies
    • Introduction of rechargeable cochlear implant devices
  • Vendor landscape
    • Competitive scenario
    • Market share analysis 2015
      • Table Buying criteria of cochlear implants
    • Key vendor analysis
      • Cochlear
        • Table Cochlear: Segmentation by revenue 2015
        • Table Cochlear: Segmentation by revenue 2014 and 2015 ($ million)
        • Table Cochlear: Key takeaways
    • MED-EL
      • Table MED-EL: Key takeaways
    • Sonova
      • Table Sonova: Business segmentation by revenue 2015
      • Table Sonova: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Sonova: Key takeaways
    • William Demant
      • Table William Demant: Segmentation by revenue 2014
      • Table William Demant: Key takeaways
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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